Gold must be a weekly correction pattern that occurs at the top in order for the weekly rising wave to continue. Otherwise, as the weekly demand zone goes down, the resistance coming down from the monthly supply zone above becomes very large. Therefore, the probability of failure increases during the rebound, so rather than rising, a monthly downward wave occurs that goes down toward the bottom after the monthly correction is over.
Therefore, if the weekly correction pattern is short and simple, as shown in the red circle, the weekly demand zone will exist near the top, so it will lead to an increase when supported.
Therefore, if the weekly correction pattern is short and simple, as shown in the red circle, the weekly demand zone will exist near the top, so it will lead to an increase when supported.